Canada: CNOOC Receives Green Light for Nexen Takeover

Nexen Inc. said that the company has received approval from the Committee on Foreign Investment in the United States (CFIUS) with respect to the proposed acquisition of Nexen by CNOOC Limited, and now has all of the requisite approvals to proceed to close.

The transaction is expected to close by the week of February 25, 2013 and remains subject to customary closing conditions, Nexen said in a statement.

[mappress]
LNG World News Staff, February 13, 2013